The spot rate broke the intermediate resistance of its medium term bearish channel at 1.5560 leading to acceleration. A pull back at these levels is expected before resumption of a bullish pace.
According to previous events, the market indicates a bullish opportunity on the levels of 1.5560 with a 1st objective of 1.5630, then 1.5650. A break at 1.5540 will cancel the scenario.
